Hello gemsearcher,
A happy Canada Day to all!
If its raining where you are, here is the text of the response from Midas to the article by WillP (this Midas seems like an informed, well-written SUFferer):
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Author: Midas -- Date:1999-06-30 22:28:36
Subject: Good Work WillP
I would add several remarks to your article.
1. Southernera has made significant improvements to the processing plant this year which will increase throughput by a minimum of 50%.
2. The SUF plant is also geared up for processing bulk samples without interfering with regular production. The cores from the drilling on the multiple Marsfontein anomalies can be processed as fast as they are drilled. CF will take a liitle longer.
3. Ore from the Leopard fissure has been stockpiled and processing began June 21st, 1999 at approximately 1000 tonnes per day. SUF will collect 100% of the revenue from Klipspringer production.
4. The 4.5 million tonnes indicated by drilling on the Leopard fissure is the total indicated by drilling so far and is by no means the total resource of the Leopard fissure. The fissure system on Klipspringer/Marsfontein is at least 30 kilometers long and is open at depth. There are additional parrallel fissures which have not been fully explored to date.
From SUF NRs June 21st, 1999 Following an extensive drilling programme along a 3.45km strike length, the indicated kimberlite resource to the 1,000 metre elevation is calculated to be 4,567,700 tonnes, using a specific gravity (S.G.) of 2.45.
June 15th, 1999 "These recent developments confirm the potential for additional kimberlite discoveries on the Marsfontein Joint Venture. SouthernEra is a company standing at the threshold of vigorous growth", said Dr. Chris Jennings, President of SouthernEra. "The future of SouthernEra has been assured by the results of an ongoing core drilling programme that has indicated long term diamond resources at Klipspringer. At our current state of exploration, these could last for 15 years with potential to greatly increase these resources."
5. In the last year SUF has put two very profitable mines into production in South Africa which have made a huge contibution to the local economy. Exploration continues to increase reserves on Klipspringer and Marsfontein.
6. At the same time SUF has been developing the Camafuca Pipe in Angola and it appears that it will be a huge low cost diamond mine in the near future.
7. In addition Southernera has aquired a 50% interest in the very advanced Messina Platinum, Palladium, Nickel project. The Messina property is very close geopgraphically to the Klipspringer mine and can be developed and put into production using very similiar mining techniques to those presently being used on Klipspinger.
8. Watch for some large scale alluvial diamond mining projects in Brazil which will pay for the exploration and bulk sampling of the numerous identified pipe targets on the Canabrava/Southernera JV in Brazil.
9. The five dollar doldrums will soon be a memory and a buying opportunity that one should not miss. Good luck to all the faithful Sufferers.
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Regards,
Confluence |
